Gross domestic product (GDP), Current prices, Domestic currency in Latvia
Latvia: Gross domestic product (GDP), Current prices, Domestic currency was 30.46 in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Latvia, 1990–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, domestic currency in Latvia is 30.46, measured in 2019. That is the highest value across all 30 years on record.
That represents a change of up 4.5% on the previous year and up 60.9% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Latvia peaked at 30.46 in 2019 and was at its lowest, 0.0969, in 1990.
That places Latvia 157th out of 194 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Latvia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.0969 | — |
| 1991 | 0.2224 | +129.5% |
| 1992 | 1.56 | +600.9% |
| 1993 | 2.28 | +46.0% |
| 1994 | 3.17 | +39.2% |
| 1995 | 4.06 | +28.0% |
| 1996 | 4.68 | +15.3% |
| 1997 | 5.39 | +15.3% |
| 1998 | 6.01 | +11.5% |
| 1999 | 6.27 | +4.3% |
| 2000 | 6.86 | +9.5% |
| 2001 | 7.46 | +8.8% |
| 2002 | 8.4 | +12.5% |
| 2003 | 9.55 | +13.8% |
| 2004 | 11.07 | +15.9% |
| 2005 | 13.63 | +23.1% |
| 2006 | 17.16 | +25.9% |
| 2007 | 22.67 | +32.1% |
| 2008 | 24.46 | +7.9% |
| 2009 | 18.93 | -22.6% |
| 2010 | 18.02 | -4.8% |
| 2011 | 20.41 | +13.3% |
| 2012 | 22.05 | +8.0% |
| 2013 | 22.92 | +4.0% |
| 2014 | 23.61 | +3.0% |
| 2015 | 24.56 | +4.0% |
| 2016 | 25.36 | +3.3% |
| 2017 | 26.96 | +6.3% |
| 2018 | 29.14 | +8.1% |
| 2019 | 30.46 | +4.5% |
Latvia compared with similar countries
- Latvia's 30.46 is below the median for high income countries, which is 434.67, 7% of the median. (65 countries reporting)
- Latvia's 30.46 is below the median for Europe & Central Asia, which is 590.04, 5% of the median. (49 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +600.9% | 0.2224 | 1.56 |
| 1991 | +129.5% | 0.0969 | 0.2224 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.37 | 0.0969 | 6.27 | 10 |
| 2000s | 14.02 | 6.86 | 24.46 | 10 |
| 2010s | 24.35 | 18.02 | 30.46 | 10 |
Countries ranked near Latvia
More economy & growth data for Latvia
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -7.43 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in Latvia?
- Gross domestic product (gdp), current prices, domestic currency in Latvia was 30.46 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Latvia?
- The highest recorded value was 30.46 in 2019.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Latvia?
- The lowest recorded value was 0.0969 in 1990.
- How does Latvia rank for gross domestic product (gdp), current prices, domestic currency?
- Latvia ranks 157th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Latvia?
- Over the last ten years it is up 60.9%. The long-run trend across the full record is volatile.
- Where does this Latvia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Current prices, Domestic currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.